Amazon news

18 April 2019
Amazon is reportedly shutting down its domestic ecommerce marketplace business in China by mid-July. It will focus on cross-border business. A challenging ecommerce market Amazon has been facing fierce competition from Chinese ecommerce companies. Alibaba and JD.com can deliver a larger range of products to Chinese customers faster with their scale and infrastructure. There are also smaller...
15 April 2019
Amazon has increased the price of Amazon Japan’s Prime membership. Fee flat for 11 years Amazon Prime was launched in Japan 11 years ago and the 3,900 yen cost has remained unchanged up until now. Amazon has increased the cost to 4,900 yen (US$44), a 26% increase. The company cited the growing number of services available to members. In recent years, Amazon has improved its offering in Japa...
28 March 2019
Ecommerce giant takes steps to bridge the online to offline gap in India. 100 kiosks to be opened across the country With only one-third of the population with access to the internet, Amazon India is taking steps to strengthen its physical presence in the country. The ecommerce giant has announced plans to open more than 100 small kiosks by the end of this year.   Needing less than 10 sq...
22 January 2019
Vietnamese merchants to get on board Amazon’s Global Selling network. Access to ecommerce base Merchants in Vietnam will be able to sell to wholesale buyers in US, Japan and Europe. This is Amazon’s first ecommerce operation in the country. Amazon has a partnership with VECOM, Vietnam E-commerce Association, which brings together a consortium of local online sellers. Increasing reach for...
21 January 2019
Competition Commission approves sale of Aditya Birla’s More supermarket chain to Amazon. Sale valued at INR42bn (US$588.2m) The Competition Commission of India has recently allowed the sale of More supermarket chain to proceed. The chain will be sold to Witzig Advisory Services, a joint partnership between Amazon and Samara Capital, for more than INR42bn. Samara Capital, an Indian investmen...
03 January 2019
Regulatory guidelines may have significant impact for ecommerce. Takes effect on 1 February In a move aimed at promoting fair trade in India, the government has announced a series of regulations for the ecommerce industry. From 1 February 2019, online marketplaces will not be allowed to list exclusive products on its platform. Previously, manufacturers and suppliers would work with Amazon o...
07 September 2018
Amazon is the first to offer its service in Hindi, the most widely spoken language in India. Leading the way Shoppers are now able to choose the Hindi language on Amazon's mobile site or android app. This will soon be extended to its desktop and Apple mobile app. The retailer will be able to reach non-English speakers ahead of its key competitors. Flipkart, Paytm Mall and Snapdeal do not ha...
04 September 2018
Amazon India partners with private equity firm to buy India’s fourth largest grocery chain. Amazon India boosts its omnichannel strategy In July, we reported that private equity firm, Samara Capital, was in talks to buy Aditya Birla’s grocery retail chain More . It has now emerged that the bid is actually a partnership between Samara Capital and Amazon India. Expected to be complet...
03 May 2018
Amazon, according to reports from CNBC, has made a formal offer to buy 60% of Flipkart, its biggest ecommerce rival in India. Amazon continuously investing in India Amazon has been investing in India to expand its product ranges and to ship goods to shoppers faster. It also reportedly offered to buy a 51% to 55% stake in Flipkart two years ago. A new battle with Walmart It was reporte...
26 January 2018
Amazon to more than double number of products available in Indian market. Expansion of product range makes service more attractive Encouraged by the initial success of the Prime program, Amazon has announced plans to offer more than 25 million products via the service, up from 11 million products previously.  The retailer will also expand its video services to include more locally produced ...